Magazine article The Advocate (The national gay & lesbian newsmagazine)

Equality through Investments

Magazine article The Advocate (The national gay & lesbian newsmagazine)

Equality through Investments

Article excerpt

Can gays and lesbians really promote gay rights through personal investing? Yes, they can, says financial planner Marc J. Lane. Not only that, they can advance a host of other social causes.

In his latest book, Profitable Socially Responsible Investing, Lane talks about how to make investments that reward companies that promote civil rights, including gay rights. And it can be done without compromising personal profits, he says. His "advocacy investing" is based on eight years of research, in which Lane, an attorney in Chicago, tracked the practices of corporations through good and bad times.

How did you come up with the concept of advocacy investing?

It was born in my law practice when t was helping clients put together trusts, which are very personalized. I decided to bring this to investing. The focus is on screening for positive company behaviors in the areas of human rights, diversity, and respect for the environment.

Why should the LGBT community cam about advocacy investing?

Because the gay community has enormous untapped power and can drive positive social change through the investments it makes. Gays should no more invest in companies with antigay policies than they would patronize them as consumers. …

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